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Fortuna Mining Releases Feasibility Study for Diamba Sud Gold Project

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Fortuna Mining (FVI.TO) released a feasibility study for the Diamba Sud Gold Project in Senegal.

The study outlined an after-tax net present value, discounted at 5% of US$1 billion and one-year payback at US$3,500 per ounce gold.

The life of mine is 9.4 years with average annual gold production of 116,000 oz and average all-in sustaining cost of US$1,332/oz over the life of mine.

A final investment decision is expected after receiving a mining permit, with first gold scheduled for the second quarter of 2028. Diamba Sud is expected to support Fortuna's plan to grow annual gold output by about 60% to more than 500,000 oz in 2028.

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